Textile Companies Appear To Have Entered The Off-Season Ahead Of Schedule.

It is understood that the recent cotton futures have been volatile and frequent. Some textile companies that use spot price trading generally wait and see. In the spot market, some enterprises purchase raw materials from cotton enterprises because of tight funds.

From the Cotton Traders' point of view, cotton sales in recent years are rather slow, and some even say that unless there is a big rally, there will be little turnover.

From the recent cotton turnover rate can be seen, due to factors such as the rise in futures prices, textile enterprises last week, there is a certain replenishment behavior, starting this week, the cotton turnover rate dropped to about 6 percent, maintaining a relatively early level, mainly due to the lack of support downstream cotton yarn.

This year, the textile industry seems to have entered the off-season ahead of time. Large and medium-sized textile enterprises have said that since the beginning of mid 4, the downstream fabric has been depressed, and the cotton yarn orders are relatively difficult to pick up. In May, the weak market did not change, and some of the yarn prices were reduced by about 500 yuan / ton. Even so, the cotton yarn inventory is still increasing.

By contrast, business is harder than last year.

In recent years, Xinjiang Akesu, Kashi, Korla and other places encountered severe weather, such as wind and dust, heavy rain, cooling and so on, which have a certain impact on the growth of long staple cotton.

at present

Most of the long staple cotton seedlings are 8-10cm tall and have 4-5 true leaves.

Affected by rainfall, some cotton sowing areas which were sown later appeared land consolidation, cotton seedling breaking, limited production and so on.

According to some Xinjiang cotton enterprises, with the accumulation of long staple cotton warehousing, interest and other expenses, enterprises have to raise prices and make up for losses.

Because of the increasing atmosphere of cotton market, some staple cotton enterprises are reluctant to sell cotton.

On the spot side, although the price of zhengmian fell, the sentiment of traders and hoarding traders in the territory were reluctant to sell, the price and the bullish mood were not affected. The enthusiasm of the mainland textile enterprises and middlemen to inquire and see goods declined compared with the mid May, and the trading atmosphere also weakened. Buyers and sellers entered the psychological game and stalemate phase.

Downstream consumption side, low season, downstream

Purchase enthusiasm weakened, spinning enterprises orders decline, profit margins narrowed.

Recently, after Zheng cotton prices fell, Zheng cotton warehouse began to flow out of Zheng cotton market, but the total remained high.

There are still more resources in the overall supply of cotton, and the fundamentals of Zheng cotton are still weak.

The turnover of long staple cotton decreased.

According to Xinjiang and mainland manufacturers and traders, recently, staple cotton is mainly concentrated in the hands of large traders and textile enterprises. The excessive concentration of resources has made the price of long staple cotton rising, while turnover has declined significantly.

For example, there are only 2-3 batches of long staple cotton weekly turnover in Henan.

The bullish mentality of the market is still more obvious.

The reserve price of cotton is moved upward.

The market will bring more confidence. The price of fine staple cotton will increase or lead to the rise of long staple cotton. Under the trend of buying or selling, the cotton enterprises will carry out centralized replenishment of long staple cotton.

At present, cotton farmers are mainly engaged in soil conservation, soil and water conservation, chemical control, pest control, and seedling recruitment.

According to the introduction of cotton growers in Akesu, the overall growth of long staple cotton is slightly worse than that of last year. The quality and yield of long staple cotton will not exceed that of 2016 this year.

On the spot side, as the price of long staple cotton continues to rise, trading volume begins to slide, but the market bullish sentiment is still strong.

According to part of Xinjiang ginning factory, with the accumulation of long staple cotton warehousing, interest and other expenses, enterprises have to raise prices and make up for losses.

Because of the increasing atmosphere of cotton market, some cotton enterprises are reluctant to sell cotton.

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